NA ABERDEEN LTD


Director	ATWAL, Narinder Singh


Registered Address	First Floor
	108 George Street
	Edinburgh
	EH2 4LH


Registered Number	SC591389 (Scotland)

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Going concern
	The financial statements have been prepared on a going concern basis even though at the balance sheet date the company's net liabilities exceeded its net assets by £310,023 (2024: £301,312). The director considers the going concern basis to be appropriate because in his opinion, the company will obtain sufficient funding from its shareholders to enable it to pay its debts as they fall due.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. Goodwill are being amortised at 10% on cost. Patents and licences are being amortised evenly over their estimated useful life of 10 years.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Land and buildings	-	10
Fixtures and fittings	25	-

	Investments
	Investments in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised in profit or loss.

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

	Financial instruments
	The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortized cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortized. Classification of financial liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Basic financial liabilities Basic financial liabilities, including creditors, loans from fellow group companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortized. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortized cost using the effective interest method.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortized cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortized.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, loans from fellow group companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortized.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortized cost using the effective interest method.

	Share capital
	Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	1		1

3.	Intangible assets

	Goodwill	Other	Total
	£	£	£
Cost or valuation
At 01 April 24	730,639	45,525	776,164
At 31 March 25	730,639	45,525	776,164
Amortisation and impairment
At 01 April 24	365,135	25,385	390,520
Charge for year	73,064	4,553	77,617
At 31 March 25	438,199	29,938	468,137
Net book value
At 31 March 25	292,440	15,587	308,027
At 31 March 24	365,504	20,140	385,644

4.	Tangible fixed assets

	Land & buildings	Fixtures & fittings	Total
	£	£	£
Cost or valuation
At 01 April 24	143,573	169,425	312,998
Disposals	-	(2,300)	(2,300)
At 31 March 25	143,573	167,125	310,698
Depreciation and impairment
At 01 April 24	94,287	111,767	206,054
Charge for year	14,357	14,415	28,772
On disposals	-	(1,007)	(1,007)
At 31 March 25	108,644	125,175	233,819
Net book value
At 31 March 25	34,929	41,950	76,879
At 31 March 24	49,286	57,658	106,944

5.	Fixed asset investments

	Investments in groups¹	Total
	£	£
Cost or valuation
At 01 April 24	104	104
At 31 March 25	104	104
Net book value
At 31 March 25	104	104
At 31 March 24	104	104

	Notes
	¹Investments in group undertakings and participating interests

6.	Stocks

	2025	2024
	£	£
Finished goods	13,318	15,204
Total	13,318	15,204

7.	Debtors: amounts due within one year

	2025	2024
	£	£
Other debtors	43,590	115,091
Prepayments and accrued income	40,362	48,298
Total	83,952	163,389

8.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	267,859	363,056
Bank borrowings and overdrafts	5,711	14,419
Taxation and social security	28,191	2,261
Finance lease and HP contracts	2,086	5,134
Other creditors	472,409	543,061
Accrued liabilities and deferred income	17,142	29,311
Total	793,398	957,242

9.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	23,796	32,465
Other creditors	3,519	2,557
Total	27,315	35,022


	Included within creditors falling due within one year and creditors falling due after more than one year is £29,507(2024: £35,218) in respect of a bank loan which is guaranteed by the government under Coronavirus Business Interruption Loan Scheme.

10.	Obligations under finance leases

		2025		2024
		£		£
	Finance lease and HP contracts	5,605		7,691


	LEASING AGREEMENTS: Minimum lease payments under non-cancellable leases fall due as follows: Due within one year: £2,086 (2024:5,134) Due after one year: £3,520 (2024: 2,557)

11.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	18,353	25,357
Total	18,353	25,357

12.	Other commitments
	LEASING AGREEMENTS: Minimum lease payments under non-cancellable operating leases fall due as follows: Due within one year: £150,050 (2024: £154,333)

13.	Related party transactions
	Included in other debtors falling due within one year are due from companies connected to the director. HWS (Edinburgh) Ltd £30,000 (2024: £47,000); PB Edinburgh Ltd £856 (2024: Nil) Hadplaid Ltd acts as management company for NA Aberdeen Ltd. The management charges amounting to £737,880 (2024: £742,063) recorded in accounts are paid to Hadplaid Ltd. Included in other creditors falling due within one year is due to companies connected to the director. HA Aberdeen Ltd £63,557 (2024: £63,557); Hadplaid Limited £345,574 (2024: £271,746); H & N Holdings Ltd £30,000 (2024: £30,000); HA Fife Ltd £20,000 (2024: £20,000)

13.

Related party transactions

Included in other debtors falling due within one year are due from companies connected to the director.
HWS (Edinburgh) Ltd £30,000 (2024: £47,000); PB Edinburgh Ltd £856 (2024: Nil)

Hadplaid Ltd acts as management company for NA Aberdeen Ltd. The management charges amounting to £737,880 (2024: £742,063) recorded in accounts are paid to Hadplaid Ltd.

Included in other creditors falling due within one year is due to companies connected to the director.
HA Aberdeen Ltd £63,557 (2024: £63,557); Hadplaid Limited £345,574 (2024: £271,746); H & N Holdings Ltd £30,000 (2024: £30,000); HA Fife Ltd £20,000 (2024: £20,000)

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		308,027		385,644
Tangible assets	4		76,879		106,944
Investments	5		104		104
			385,010		492,692
Current assets
Stocks	6	13,318		15,204
Debtors	7	83,952		163,389
Cash at bank and on hand		46,763		45,024
		144,033		223,617
Creditors amounts falling due within one year	8	(793,398)		(957,242)
Net current assets (liabilities)			(649,365)		(733,625)
Total assets less current liabilities			(264,355)		(240,933)
Creditors amounts falling due after one year	9		(27,315)		(35,022)
Provisions for liabilities	11		(18,353)		(25,357)
Net assets			(310,023)		(301,312)
Capital and reserves
Called up share capital			100		100
Profit and loss account			(310,123)		(301,412)
Shareholders' funds			(310,023)		(301,312)